Pinnacle Wealth Management Advisory Group LLC cut its position in The Kraft Heinz Company (NASDAQ:KHC) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,939 shares of the company’s stock after selling 50 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in The Kraft Heinz were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Chip Partners Inc. raised its position in shares of The Kraft Heinz by 0.5% during the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after buying an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of The Kraft Heinz by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock valued at $209,000 after buying an additional 16 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its position in shares of The Kraft Heinz by 0.6% during the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 3,369 shares of the company’s stock valued at $306,000 after buying an additional 21 shares in the last quarter. National Asset Management Inc. raised its position in shares of The Kraft Heinz by 0.5% during the 1st quarter. National Asset Management Inc. now owns 4,477 shares of the company’s stock valued at $408,000 after buying an additional 21 shares in the last quarter. Finally, First Foundation Advisors raised its position in shares of The Kraft Heinz by 0.5% during the 1st quarter. First Foundation Advisors now owns 5,121 shares of the company’s stock valued at $465,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 61.80% of the company’s stock.

KHC has been the topic of several research reports. TheStreet upgraded shares of The Kraft Heinz from a “c” rating to a “b-” rating in a research report on Thursday, August 3rd. Berenberg Bank set a $102.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Monday, August 7th. Credit Suisse Group set a $100.00 price objective on shares of The Kraft Heinz and gave the company a “buy” rating in a research report on Saturday, August 5th. Royal Bank Of Canada restated a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a research report on Friday, September 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective on shares of The Kraft Heinz in a research report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $96.36.

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Shares of The Kraft Heinz Company (NASDAQ KHC) opened at 78.18 on Friday. The firm has a 50-day moving average of $79.43 and a 200-day moving average of $79.43. The Kraft Heinz Company has a one year low of $76.76 and a one year high of $97.77. The company has a market cap of $95.24 billion, a price-to-earnings ratio of 25.06 and a beta of 0.44.

The Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.02. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The business had revenue of $6.68 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. Equities research analysts forecast that The Kraft Heinz Company will post $3.24 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 18th were paid a $0.625 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $2.50 annualized dividend and a dividend yield of 3.20%. This is an increase from The Kraft Heinz’s previous quarterly dividend of $0.60. The Kraft Heinz’s dividend payout ratio is currently 79.87%.

The Kraft Heinz Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Institutional Ownership by Quarter for The Kraft Heinz (NASDAQ:KHC)

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